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taxmap/instr/i1040sf-007.htm#TXMP4fa7a9c1

Part III. Farm Income—Accrual Method(p8)


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If you use an accrual method, report farm income when you earn it, not when you receive it. In most cases, you must include animals and crops in your inventory if you use this method. See Pub. 225 for exceptions, inventory methods, how to change methods of accounting, and rules that require certain costs to be capitalized or included in inventory.
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Chapter 11 bankruptcy.(p8)

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If you were a debtor in a chapter 11 bankruptcy case during 2010, see the instructions for Form 1040 and page SE-2 of the instructions for Schedule SE (Form 1040).
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Lines 39a Through 41c(p8)


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See the instructions for lines 5a through 7c on page F-3.
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Line 44(p8)


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See the instructions for line 10 that begin on page F-3.
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Excess Farm Loss Worksheet 1—Schedule F farming business only

CAUTION: In determining if you have an excess farm loss, do not take into account any deductions for losses arising by reason of fire, storm, or other casualty, or by reason of disease or drought, involving your farming business.

1.Enter the amount from your 2010 Schedule(s) F, line 35. Is this amount less than 300,000 (150,000 if married filing separately)? If yes, stop here. You do not have an excess farm loss in 2010. If no, continue to line 2 1.   
2.Subtract 300,000 (150,000 if married filing separately) from line 12.   
3.Enter the amount from your 2010 Schedule(s) F, line 113.   
4.Is line 3 greater than or equal to line 2? If yes, stop here. You do not have an excess farm loss in 2010. If no, continue to line 5.   
5.Enter your net gain/loss from the sale of farming business property reported on Form 47975.   
6.Enter your net gain/loss from the sale of farming business property reported on Schedule D6.   
7.Combine line 5 and line 6. If zero or less, enter -0-7. 
8.Add line 3 and line 7. Is this greater than or equal to line 2? If yes, stop here. You do not have an excess farm loss in 2010. If no, continue to line 9 8. 
9.Enter the amount from your 2009 Schedule(s) F, line 369.   
10.Enter your combined net gain/loss from the sale of farming business property reported on your 2009 Form 4797 and Schedule D. If zero or less, enter -0- 10.   
11.Enter the amount from your 2008 Schedule(s) F, line 3611.   
12.Enter your combined net gain/loss from the sale of farming business property reported on your 2008 Form 4797 and Schedule D. If zero or less, enter -0- 12.   
13.Enter the amount from your 2007 Schedule(s) F, line 3613.   
14.Enter your combined net gain/loss from the sale of farming business property reported on your 2007 Form 4797 and Schedule D. If zero or less, enter -0- 14.   
15.Enter the amount from your 2006 Schedule(s) F, line 3615.   
16.Enter your combined net gain/loss from the sale of farming business property reported on your 2006 Form 4797 and Schedule D. If zero or less, enter -0- 16.   
17.Enter the amount from your 2005 Schedule(s) F, line 3617.   
18.Enter your combined net gain/loss from the sale of farming business property reported on your 2005 Form 4797 and Schedule D. If zero or less, enter -0- 18.   
19.Combine lines 9 through 18. If zero or less, enter -0-19. 
20.Enter the greater of line 19 or 300,000 (150,000 if married filing separately)20. 
21.Add line 8 and line 2021. 
22.Excess farm loss. Subtract line 1 from line 21. If zero or less, you have an excess farm loss that reduces the amount of loss you can deduct this year. If you have more than one farming business with an overall loss this year, allocate the excess farm loss amount on a pro rata basis among those farming businesses 22. 
      
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Excess Farm Loss Worksheet 2—Schedule F farming business(es) and Schedule C activity of processing a farm commodity

CAUTION: In determining if you have an excess farm loss, do not take into account any deductions for losses arising by reason of fire, storm, or other casualty, or by reason of disease or drought, involving your farming businesses.

1.Enter the amount from your 2010 Schedule(s) F, line 351.   
2.Enter the total amount from your 2010 Schedule(s) C, line 28 and line 302.   
3.Add lines 1 and 2. Is this amount less than 300,000 (150,000 if married filing separately)? If yes, stop here. You do not have an excess farm loss in 2010. If no, continue to line 4 3. 
4.Subtract 300,000 (150,000 if married filing separately) from line 34. 
5.Enter the amount from your 2010 Schedule(s) F, line 115.   
6.Enter the amount from your 2010 Schedule(s) C, line 76.   
7.Combine line 5 and line 6 7. 
8.Is line 7 greater than or equal to line 4? If yes, stop here. You do not have an excess farm in 2010. If no, continue to line 9.   
9.Enter your net gain/loss from the sale of farming business property reported on Form 47979.   
10.Enter your net gain/loss from the sale of farming business property reported on Schedule D10.   
11.Combine line 9 and line 10. If zero or less, enter -0-11. 
12.Add line 7 and line 11. Is this greater than or equal to line 4? If yes, stop here. You do not have an excess farm loss in 2010. If no, continue to line 13 12. 
13.Enter the amount from your 2009 Schedule(s) F, line 3613.   
14.Enter the amount from your 2009 Schedule(s) C, line 3114.   
15.Enter your combined net gain/loss from the sale of farming business property reported on your 2009 Form 4797 and Schedule D. If zero or less, enter -0- 15.   
16.Enter the amount from your 2008 Schedule(s) F, line 3616.   
17.Enter the amount from your 2008 Schedule(s) C, line 3117.   
18.Enter your combined net gain/loss from the sale of farming business property reported on your 2008 Form 4797 and Schedule D. If zero or less, enter -0- 18.   
19.Enter the amount from your 2007 Schedule(s) F, line 3619.   
20.Enter the amount from your 2007 Schedule(s) C, line 3120.   
21.Enter your combined net gain/loss from the sale of farming business property reported on your 2007 Form 4797 and Schedule D. If zero or less, enter -0- 21.   
22.Enter the amount from your 2006 Schedule(s) F, line 3622.   
23.Enter the amount from your 2006 Schedule(s) C, line 3123.   
24.Enter your combined net gain/loss from the sale of farming business property reported on your 2006 Form 4797 and Schedule D. If zero or less, enter -0- 24.   
25.Enter the amount from your 2005 Schedule(s) F, line 3625.   
26.Enter the amount from your 2005 Schedule(s) C, line 3126.   
27.Enter your combined net gain/loss from the sale of farming business property reported on your 2005 Form 4797 and Schedule D. If zero or less, enter -0- 27.   
28.Combine lines 13 through 27. If zero or less, enter -0-28. 
29.Enter the greater of line 28 or 300,000 (150,000 if married filing separately)29. 
30.Add line 12 and line 2930. 
31.Excess farm loss. Subtract line 3 from line 30. If zero or less, you have an excess farm loss that reduces the amount of loss you can deduct this year. If you have more than one farming business with an overall loss this year, allocate the excess farm loss amount on a pro rata basis among those farming businesses 31. 
      
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Excess Farm Loss Worksheet 3—Schedule F farming business(es) and Schedule E partnership or S corporation income or loss from farming business(es)

CAUTION: In determining if you have an excess farm loss, do not take into account any deductions for losses arising by reason of fire, storm, or other casualty, or by reason of disease or drought, involving your farming businesses.

1.Enter the amount from your 2010 Schedule(s) F, line 351.   
2.Enter the amount from your 2010 Schedule(s) E, line 312.   
3.Add lines 1 and 2. Is this amount less than 300,000 (150,000 if married filing separately)? If yes, stop here. You do not have an excess farm loss in 2010. If no, continue to line 4 3. 
4.Subtract 300,000 (150,000 if married filing separately) from line 34. 
5.Enter the amount from your 2010 Schedule(s) F, line 115.   
6.Enter the amount from your 2010 Schedule(s) E, line 306.   
7.Combine line 5 and line 6 7. 
8.Is line 7 greater than or equal to line 4? If yes, stop here. You do not have an excess farm in 2010. If no, continue to line 9.   
9.Enter your net gain/loss from the sale of farming business property reported on Form 47979.   
10.Enter your net gain/loss from the sale of farming business property reported on Schedule D10.   
11.Combine line 9 and line 10. If zero or less, enter -0-11. 
12.Add line 7 and line 11. Is this greater than or equal to line 4? If yes, stop here. You do not have an excess farm loss in 2010. If no, continue to line 13 12. 
13.Enter the amount from your 2009 Schedule(s) F, line 3613.   
14.Enter the amount from your 2009 Schedule(s) E, line 3214.   
15.Enter your combined net gain/loss from the sale of farming business property reported on your 2009 Form 4797 and Schedule D. If zero or less, enter -0- 15.   
16.Enter the amount from your 2008 Schedule(s) F, line 3616.   
17.Enter the amount from your 2008 Schedule(s) E, line 3217.   
18.Enter your combined net gain/loss from the sale of farming business property reported on your 2008 Form 4797 and Schedule D. If zero or less, enter -0- 18.   
19.Enter the amount from your 2007 Schedule(s) F, line 3619.   
20.Enter the amount from your 2007 Schedule(s) E, line 3220.   
21.Enter your combined net gain/loss from the sale of farming business property reported on your 2007 Form 4797 and Schedule D. If zero or less, enter -0- 21.   
22.Enter the amount from your 2006 Schedule(s) F, line 3622.   
23.Enter the amount from your 2006 Schedule(s) E, line 3223.   
24.Enter your combined net gain/loss from the sale of farming business property reported on your 2006 Form 4797 and Schedule D. If zero or less, enter -0- 24.   
25.Enter the amount from your 2005 Schedule(s) F, line 3625.   
26.Enter the amount from your 2005 Schedule(s) E, line 3226.   
27.Enter your combined net gain/loss from the sale of farming business property reported on your 2005 Form 4797 and Schedule D. If zero or less, enter -0- 27.   
28.Combine lines 13 through 27. If zero or less, enter -0-28. 
29.Enter the greater of line 28 or 300,000 (150,000 if married filing separately)29. 
30.Add line 12 and line 2930. 
31.Excess farm loss. Subtract line 3 from line 30. If zero or less, you have an excess farm loss that reduces the amount of loss you can deduct this year. If you have more than one farming business with an overall loss this year, allocate the excess farm loss amount on a pro rata basis among those farming businesses 31. 
      
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Excess Farm Loss Worksheet 4—Schedule F farming business(es), Schedule C activity of processing a farm commodity, Schedule E partnership or S corporation income or loss from farming business(es), and Form 4835 rental income or loss

CAUTION: In determining if you have an excess farm loss, do not take into account any deductions for losses arising by reason of fire, storm, or other casualty, or by reason of disease or drought, involving your farming businesses.

1.Enter the amount from your 2010 Schedule(s) F, line 351.   
2.Enter the total amount from your 2010 Schedule(s) C, line 28 and line 30, for activity of processing a farm commodity2.   
3.Enter the amount from your 2010 Schedule(s) E, line 31, for interest in a partnership or S corporation involved in farming businesses 3.   
4.Enter the amount from your 2010 Form 4835, line 314.   
5.Add lines 1, 2, 3, and 4. Is this amount less than 300,000 (150,000 if married filing separately)? If yes, stop here. You do not have an excess farm loss in 2010. If no, continue to line 6 5. 
6.Subtract 300,000 (150,000 if married filing separately) from line 56. 
7.Enter the amount from your 2010 Schedule(s) F, line 117.   
8.Enter the amount from your 2010 Schedule(s) C, line 78.   
9.Enter the amount from your 2010 Schedule(s) E, line 309.   
10.Enter the amount from your 2010 Form 4835, line 710.   
11.Combine lines 7, 8, 9, and 10 11. 
12.Is line 11 greater than or equal to line 6? If yes, stop here. You do not have an excess farm loss in 2010. If no, continue to line 13.   
13.Enter your net gain/loss from the sale of farming business property reported on Form 479713.   
14.Enter your net gain/loss from the sale of farming business property reported on Schedule D14.   
15.Combine line 13 and line 14. If zero or less, enter -0-15. 
16.Add lines 11 and 15. Is this greater than or equal to line 6? If yes, stop here. You do not have an excess farm loss in 2010. If no, continue to line 17 16. 
 TIP: Lines 17 through 43 help you calculate the threshold amount discussed in the instructions. The threshold amount is the greater of $300,000 ($150,000 if married filing separately) or your total net profit or loss from farming businesses for the last five years (2005-2009), including for each of those years any net gain from the sale of property used in your farming businesses.   
17.Enter the amount from your 2009 Schedule(s) F, line 3617.   
18.Enter the amount from your 2009 Schedule(s) C, line 31 .18.   
19.Enter the amount from your 2009 Schedule(s) E, line 3219.   
20.Enter the amount from your 2009 Form 4835, line 3220.   
21.Enter your combined net gain/loss from the sale of farming business property reported on your 2009 Form 4797 and Schedule D. If zero or less, enter -0- 21.   
22.Enter the amount from your 2008 Schedule(s) F, line 3622.   
23.Enter the amount from your 2008 Schedule(s) C, line 3123.   
24.Enter the amount from your 2008 Schedule(s) E, line 3224.   
25.Enter the amount from your 2008 Form 4835, line 3225.   
26.Enter your combined net gain/loss from the sale of farming business property reported on your 2008 Form 4797 and Schedule D. If zero or less, enter -0- 26.   
27.Enter the amount from your 2007 Schedule(s) F, line 3627.   
28.Enter the amount from your 2007 Schedule(s) C, line 3128.   
     (Continued on next page)
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Excess Farm Loss Worksheet 4 (Continued)

29.Enter the amount from your 2007 Schedule(s) E, line 3229.   
30.Enter the amount from your 2007 Form 4835, line 3230.   
31.Enter your combined net gain/loss from the sale of farming business property reported on your 2007 Form 4797 and Schedule D. If zero or less, enter -0- 31.   
32.Enter the amount from your 2006 Schedule(s) F, line 3632.   
33.Enter the amount from your 2006 Schedule(s) C, line 3133.   
34.Enter the amount from your 2006 Schedule(s) E, line 3234.   
35.Enter the amount from your 2006 Form 4835, line 3235.   
36.Enter your combined net gain/loss from the sale of farming business property reported on your 2006 Form 4797 and Schedule D. If zero or less, enter -0- 36.   
37.Enter the amount from your 2005 Schedule(s) F, line 3637.   
38.Enter the amount from your 2005 Schedule(s) C, line 31 .38.   
39.Enter the amount from your 2005 Schedule(s) E, line 3239.   
40.Enter the amount from your 2005 Form 4835, line 3240.   
41.Enter your combined net gain/loss from the sale of farming business property reported on your 2005 Form 4797 and Schedule D. If zero or less, enter -0- 41.   
42.Combine lines 17 through 41. If zero or less, enter -0-42. 
43.Enter the greater of line 42 or 300,000 (150,000 if married filing separately)43. 
44.Add lines 16 and 4344. 
45.Excess farm loss. Subtract line 5 from line 44. If zero or less, you have an excess farm loss that reduces the amount of loss you can deduct this year. If you have more than one farming business with an overall loss this year, allocate the excess farm loss amount on a pro rata basis among those farming businesses 45. 
      
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Excess Farm Loss Worksheet 5—Form 4835 for farm rental income or loss from farming business

CAUTION: In determining if you have an excess farm loss, do not take into account any deductions for losses arising by reason of fire, storm, or other casualty, or by reason of disease or drought, involving your farming business.

1.Enter the amount from your 2010 Form 4835, line 31. Is this amount less than 300,000 (150,000 if married filing separately)? If yes, stop here. You do not have an excess farm loss in 2010. If no, continue to line 2 1.   
2.Subtract 300,000 (150,000 if married filing separately) from line 12.   
3.Enter the amount from your 2010 Form 4835, line 73.   
4.Is line 3 greater than or equal to line 2? If yes, stop here. You do not have an excess farm in 2010. If no, continue to line 5.   
5.Enter your net gain/loss from the sale of farming business property reported on Form 47975.   
6.Enter your net gain/loss from the sale of farming business property reported on Schedule D6.   
7.Combine line 5 and line 6. If zero or less, enter -0-7. 
8.Add line 3 and line 7. Is this greater than or equal to line 2? If yes, stop here. You do not have an excess farm loss in 2010. If no, continue to line 9 8. 
9.Enter the amount from your 2009 Form 4835, line 329.   
10.Enter your combined net gain/loss from the sale of farming business property reported on your 2009 Form 4797 and Schedule D. If zero or less, enter -0- 10.   
11.Enter the amount from your 2008 Form 4835, line 3211.   
12.Enter your combined net gain/loss from the sale of farming business property reported on your 2008 Form 4797 and Schedule D. If zero or less, enter -0- 12.   
13.Enter the amount from your 2007 Form 4835, line 3213.   
14.Enter your combined net gain/loss from the sale of farming business property reported on your 2007 Form 4797 and Schedule D. If zero or less, enter -0- 14.   
15.Enter the amount from your 2006 Form 4835, line 3215.   
16.Enter your combined net gain/loss from the sale of farming business property reported on your 2006 Form 4797 and Schedule D. If zero or less, enter -0- 16.   
17.Enter the amount from your 2005 Form 4835, line 3217.   
18.Enter your combined net gain/loss from the sale of farming business property reported on your 2005 Form 4797 and Schedule D. If zero or less, enter -0- 18.   
19.Combine lines 9 through 18. If zero or less, enter -0-19. 
20.Enter the greater of line 19 or 300,000 (150,000 if married filing separately)20. 
21.Add lines 8 and 2021. 
22.Excess farm loss. Subtract line 1 from line 21. If zero or less, you have an excess farm loss that reduces the amount of loss you can deduct this year. If you have more than one farming business with an overall loss this year, allocate the excess farm loss amount on a pro rata basis among those farming businesses 22. 
      
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